Puzo Michael J Increases Holdings in Xylem Inc. (NYSE:XYL)

Puzo Michael J grew its holdings in Xylem Inc. (NYSE:XYL) by 0.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 66,244 shares of the industrial products company’s stock after buying an additional 437 shares during the quarter. Xylem makes up about 2.3% of Puzo Michael J’s investment portfolio, making the stock its 24th largest holding. Puzo Michael J’s holdings in Xylem were worth $7,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Impax Asset Management Group plc lifted its stake in Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after acquiring an additional 3,883,845 shares during the period. Norges Bank bought a new stake in shares of Xylem during the 4th quarter valued at about $302,734,000. Northern Trust Corp increased its position in shares of Xylem by 42.0% during the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company’s stock valued at $379,204,000 after buying an additional 966,399 shares during the period. AMF Tjanstepension AB bought a new position in Xylem in the fourth quarter worth about $96,658,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Xylem in the first quarter worth about $89,828,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Robert W. Baird dropped their price target on Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Citigroup reduced their price objective on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Stifel Nicolaus boosted their target price on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on Xylem in a research note on Friday, May 30th. They issued an “overweight” rating and a $148.00 target price on the stock. Finally, Raymond James Financial upgraded shares of Xylem to a “hold” rating in a research note on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.71.

Xylem Price Performance

NYSE XYL opened at $125.37 on Wednesday. Xylem Inc. has a one year low of $100.47 and a one year high of $143.50. The stock has a 50-day moving average of $121.31 and a 200 day moving average of $121.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. The company has a market capitalization of $30.51 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.32 and a beta of 1.13.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm posted $0.90 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, May 29th. Xylem’s dividend payout ratio is 43.01%.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.